Property
Ayala Land leans on recurring income growth
Ayala Land Inc., one of the country’s largest property developer, reported first-quarter 2026 net income of P5.4 billion on revenues of P37.5 billion, as the property giant sharpened its focus on recurring income streams and disciplined capital deployment amid a more cautious operating environment.
PEZA office shortage squeezes Metro Manila options
The supply of Philippine Economic Zone Authority (PEZA)-accredited office space in Metro Manila is tightening, particularly in major central business districts, raising concerns over limited expansion options for key occupiers.
One South Drive elevates Baguio luxury living supply
A new boutique residential project is set to reshape one of Baguio City’s most tightly held addresses, as Dacon Corp. launches One South Drive, with project management and marketing led by DMCI Homes, the property arm of DMCI Holdings, Inc..
SM City Nuvali nears full occupancy launch
SM City Nuvali is approaching full leasing commitment months ahead of its planned fourth-quarter 2026 opening, underscoring robust demand for large-scale regional retail developments, according to SM Supermalls leadership.
Megaworld raises P1.27B via MREIT shares sale
Megaworld Corp., the listed property development arm of billionaire Andrew Tan, has raised about P1.27 billion from a block sale of shares in MREIT Inc., as it continues to recycle capital and fund ongoing developments.
